Compliance & Risk Management

Risk management champions can give firms a winning edge in 2017

[Australasian Law Management Journal,Compliance & Risk Management,General Management,Strategy & Leadership] August 2, 2017

A decade is a long time in legal practice and changes to regulations, work environments and external threats since 2007 underscore why law firm leaders need to be on top of their risk management strategies, writes Ronwyn North. While researching cyber risk recently, I came across an article from 2007 in which the cyber risk […]

Latest news – Employees want a culture of trust; Continual learning crucial for law grads; LPO market to keep growing

[Australasian Law Management Journal,Compliance & Risk Management,General Management,People Management(HR),Strategy & Leadership] May 4, 2017

Culture of trust the key to keeping staff A new study identifying the best places to work suggests that a culture of trust is the key to retaining talent in the Asia-Pacific region. According to research and consulting firm, Great Place to Work, employees at the top 60 Best Workplaces in Asia indicate that managers […]

Lucky dip – are you overestimating your cybersecurity safeguards?

[Australasian Law Management Journal,Compliance & Risk Management,General Management,Strategy & Leadership] April 20, 2017

Rather than being overly optimistic or pessimistic about cybersecurity risks, law firms should take definite actions to protect their businesses, writes Ronwyn North. Security experts warn that law practices are failing to take cyber risk and cybersecurity seriously enough. Is your law firm one of those practices and, if so, why isn’t management doing more? […]

Why an advisory board could give your law firm a strategic edge

[Australasian Law Management Journal,Compliance & Risk Management,General Management,Strategy & Leadership] March 27, 2017

Using an advisory board to help improve the operations of law firms makes sense, but careful consideration must be given to how they are structured and the board members you choose, writes Peter Ellender. Partners of law firms run their business; they are, after all, the owners of the business, the shareholders, the stakeholders and […]

The TMGT effect – how firms risk overdoing a good thing

[Australasian Law Management Journal,Compliance & Risk Management,General Management,People Management(HR),Strategy & Leadership] December 17, 2016

Taking good management ideas too far represents a genuine threat to the performance of law firms and can have negative effects on employees, writes Ronwyn North. The TMGT effect – the acronym stands for ‘too much of a good thing’ – has been the subject of considerable academic research. The phenomenon suggests that more is […]

Client identification – are inadequate safeguards exposing your firm?

[Australasian Law Management Journal,Compliance & Risk Management,General Management,Strategy & Leadership,Uncategorized] August 2, 2016

As obligations increase for law firms to manage the risk of a client ID ‘failure’, it is crucial that they take all possible steps to improve their safeguards, writes Ronwyn North. Verifying a client’s identity is becoming increasingly important for law firms and is a business risk that must be managed. It is unusual for […]

Minimum rate rises revealed for Legal Services Award

[Australasian Law Management Journal,Compliance & Risk Management,Finance & Accounting,General Management] July 5, 2016

Minimum rates for Levels 1 to 6 As from 1 July 2016, new minimum rates for the Legal Services Award will increase by 2.4 per cent (click here for full spreadsheet, ‘Legal Services Award – Annual Minimum Wages with 1 July 2016 Wage Rise’). These are payable in the first full pay period starting on […]

Understanding innovation risk – should you run your law practice like an Apple store?

[Australasian Law Management Journal,Compliance & Risk Management,General Management,People Management(HR),Strategy & Leadership] April 26, 2016

A law firm’s attitude to innovation and how to implement it can go a long way to determining the success of any new ideas, writes Ronwyn North. Innovation is an important business tool in times of change. Yet many law practices are failing to tap in to the benefits because of misconceived ideas about innovation […]

What crisis? How planning can alleviate the pain of workplace traumas

[Australasian Law Management Journal,Compliance & Risk Management,Marketing & Business Development,People Management(HR),Strategy & Leadership] July 23, 2015

Dealing with traumatic events affecting law firms and their employees requires planning – before and after such incidents, writes Rachel Clements. At recent HR Minds [1] events in Melbourne and Sydney, panellists from several major Australian law firms shared their honest and reflective accounts of managing a traumatic workplace event. While the nature of the incidents […]

Latest news: Legal Services Award rate rises; technology taking over jobs; flexible workplaces in vogue

[Australasian Law Management Journal,Compliance & Risk Management,General Management,People Management(HR),Technology] July 3, 2015

MINIMUM RATE RISES ANNOUNCED FOR LEGAL SERVICES AWARD Minimum rates for Levels 1 to 6 As from 1 July, 2015, new minimum rates apply for the Legal Services Award. See the up-to-date rates here. These are payable in the first full pay period starting on or after 1 July, 2015. Please note, this year Fair […]